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The Ministry of Finance announces that in 2019 the Republic will issue Treasury Bonds for a total amount of up to US$8.7 billion approximately, of which up to US$7.2 billion will be local currency denominated bonds, and up to US$1.5 billion will be issued in foreign currency.

As has been the case in previous years, the local currency bonds will be issued through the Central Bank of Chile’s System (SOMA) (US$5.7 billion) and through a book-building process (US$1.5 billion).

The placement was made on peso bonds maturing in 2023 and 2030. CLP$ 440,000 million (approximately US$681 million) were allocated for the 2023 Bond and CLP$ 610,000 million (approximately US$944 million) for the 2030 Bond.

The yield rate was 4.12% for the bond maturing in 2023, and 4.85% for the bond maturing in 2030.

Foreign investors were able to participate directly and simultaneously with local investors. Foreign investors made up 10% of the total bonds placed.

The authority also informed the composition of the Council that will continue operating under the current institutional framework, until the bill that enters Congress today is approved. The Council will be led by the renowned economist Klaus Schmidt-Hebbel.